Overview
What is Kalimba Foundation Nfp?
Kalimba Foundation Nfp, situated in Waukegan, Illinois, is a nonprofit organization that specializes in offering transitional housing for ex-offenders. Their mission is to help these individuals regain their independence by providing residential and custodial care programs. Through these programs, they aim to instill self-sustaining skills in ex-felons, enabling them to reintegrate into society more effectively. The organization's services extend beyond housing, offering a supportive environment that fosters personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 28% (Zero-Star out of Four Star rating)
The Kalimba Foundation Nfp has received a low score of 28% from Charity Navigator, reflecting significant concerns in accountability and financial management. Notably, the organization has no independent board members, which raises questions about governance practices. Furthermore, the absence of financial statements and other key documents on their website suggests a lack of transparency that is critical for donor trust.
Despite some positives, such as having a conflict of interest policy in place, the overall financial ratios indicate potential instability. The program expense ratio is relatively acceptable at 59.57%, suggesting that a portion of funds is directed toward programs, but this is overshadowed by a liabilities-to-assets ratio exceeding 100%. This could signal financial distress, complicating the foundation's sustainability.
In summary, while the Kalimba Foundation Nfp has established some policies, its overall governance and financial practices seem inadequate. Prospective donors should exercise caution and consider these factors before contributing, as the organization's low rating underscores a need for improvement in accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Kalimba Foundation Nfp legitimate?
Kalimba Foundation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalimba Foundation Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $382,377
For more financial information, click here
What is the mission statement of Kalimba Foundation Nfp?
The Kalimba Foundation NFP's mission is centered around aiding ex-felons by offering intermediate housing and facilitating the development of self-sustaining abilities. This is accomplished through the organization's residential and custodial care programs, which are designed to empower individuals who have served their sentences to become financially independent. By providing this supportive environment, the Kalimba Foundation NFP aims to contribute to their successful reintegration into society.
Who is the CEO of Kalimba Foundation Nfp?
Leon Venable is the President of Kalimba Foundation Nfp.
What is the revenue of Kalimba Foundation Nfp?
Kalimba Foundation Nfp's revenue in 2022 was $772,637.
Who are the executives of Kalimba Foundation Nfp and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Kalimba Foundation Nfp?
Kalimba Foundation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kalimba Foundation Nfp
Kalimba Foundation NFP, a non-profit organization, is dedicated to aiding ex-felons in their transition back into society. Its mission is to provide half-way housing and offer custodial care programs that help these individuals develop self-sustaining skills. By offering residential programs, Kalimba Foundation NFP aims to assist ex-felons in rebuilding their lives, providing them with the tools they need to become independent and self-reliant. The organization's focus is on empowering these individuals, enabling them to reintegrate into society and lead fulfilling lives.
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Impact
October, 2024
Kalimba Foundation Nfp significantly contributes to the community by offering halfway housing for ex-felons, helping them reintegrate into society. By providing a supportive living environment in Waukegan, IL, individuals transitioning from incarceration receive crucial resources that promote stability and personal growth.
The foundation's residential and custodial care programs focus on equipping residents with self-sustaining skills essential for successful independent living. This empowerment approach not only aids in reducing recidivism but also fosters personal responsibility and social reintegration. Ultimately, Kalimba Foundation Nfp plays a vital role in transforming lives, enhancing community safety, and promoting social justice by supporting individuals in their journey toward rehabilitation and self-sufficiency.
This information is meant to be a general summary of Kalimba Foundation Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $772,637
Assets and Liabilities:
- Total Assets: $279,561
- Total Liabilities: $303,400
- Net Assets: -$23,839
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Organization Details
Principal Officer
Leon Venable
Main Address
660 S McAlister Avenue, WAUKEGAN, IL, 60085
NTEE Category
Code: P73 - Human services
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